President Donald Trump said he is ruling out a diesel export ban after Europe, under U.S. pressure, agreed to release strategic fuel reserves. The G7 said it will release 100 million barrels of diesel and crude oil from reserves over the next four months. The first phase will feature a frontloaded, substantial diesel release within the first 20 days. The move is aimed at easing tight global supply.

Lockheed Martin said it has received an initial batch of key Patriot interceptor components from General Motors, less than a month after the two companies signed a manufacturing agreement. The company is investing $8 billion to $9 billion to expand munitions output, including PAC-3 MSE, THAAD and the Precision Strike Missile (PrSM), with new buildings and jobs planned at more than 20 U.S. sites. Lockheed said production and warehousing space would grow nearly 50% after the planned expansions. The supply-chain partnership is being framed as a step toward the Pentagon’s push to speed up weapons production, according to Reuters.

Reports and images circulating online show some U.S. gas stations running short of diesel as prices jump. The U.S. Energy Information Administration (EIA) forecasts distillate fuel oil inventories will fall to a five-year low and remain there through much of 2027. Supplies have tightened after Ukrainian strikes damaged Russian refineries and Moscow limited exports, cutting global diesel exports by an estimated 1.6 million barrels per day since February.

Costco has begun rationing Kirkland Signature full synthetic motor oil, limiting members to two purchases as the Iran war tightens energy supplies and raises costs. The 10-quart package now costs $58, up from as little as $30. Brown University’s Iran War Energy Cost Tracker estimates the conflict has pushed additional U.S. gasoline and diesel costs above $100 billion, with the average household paying more than $750 extra since the war began in February. The tracker also puts the national average gasoline price at $6.23 a gallon.

The U.S. Food and Drug Administration has cleared Philip Morris to market its Zyn nicotine pouches as less harmful than cigarettes, covering 20 product variants. The authorization permits the company to claim that using Zyn instead of cigarettes lowers risks including mouth cancer, heart disease, lung cancer, stroke, emphysema and chronic bronchitis. The decision provides a strong regulatory endorsement as nicotine pouches become the fastest-growing nicotine product in the U.S. The development was first reported by Axios.